GroundRules
IC 5-1.4-6-3: Money or investments held for payment of bonds or notes; application
Where this section sits in the code
- TITLE 5. STATE AND LOCAL ADMINISTRATION
- ARTICLE 1.4. LOCAL PUBLIC IMPROVEMENT BOND BANKS
- Chapter 6. Other Funds and Accounts
Sec. 3. Unless the resolution or trust agreement authorizing the bonds or notes provides otherwise, money or investments in a fund or account of the bank established or held for the payment of bonds or notes shall be applied to the payment or retirement of the bonds or notes, and to no other purpose.
Collected 2026-09-02T16:11:39Z. Source file · JSON